NPA Designates Lilypond Terminal As Non-Oil Export Processing Facility
The Nigerian Ports Authority (NPA) on Thursday affirmed the designation of the Lilypond Container Terminal in Ijora, Lagos as a specialised processing and handling facility for the exportation of the country’s locally-made finished agricultural goods.
A statement by NPA’s General Manager, Corporate and Strategic Communications, Ibrahim Nasiru quoted the Managing Director, Mr Mohammed Bello-Koko, as explaining that the move would ease the bureaucratic and logistical bottlenecks faced by exporters, thereby promoting better access of the country’s non-oil exports into international markets.
It said that the NPA helmsman made the pronouncement at the NPA’s Special Day celebration at the ongoing 43rd Kaduna International Trade Fair.
According to him, the Lilypond Terminal will offer exporters a one-stop space to carry out their transactions at a reduced cost and time, thereby increasing their profit margin and competitiveness in the international market.
He said that the fair’s 2022 theme: “Re-strategizing Nigerian Economy for Global Competitiveness” underscored the Federal Government’s agenda on the diversification of the economy away from reliance on hydrocarbons, by focusing on industrial development, especially local manufacturing and large scale food production.
He said the NPA had initiated several strategies to maximise the movement of non-oil exports across the country’s borders.
“We are currently in discussions with the terminal operators to give priority to exportation of agricultural produce and solid minerals, this will stimulate our domestic economy, create thousands of jobs and increase the revenue profile of government at all levels,” he posited.
Belo-Koko further said that ‘’the Nigerian port industry remains a prime economic driver, bearing in mind that 85 per cent of the country’s trades are handled through the port.
“Maritime transport remains the main gateway to the global marketplace. Ocean ports are a central and necessary component in facilitating trade among nations.”
He pointed out that ports were catalysts for economic development as they enable trade and support supply chains.
“Recognising our huge role as custodian of ports necessitates continuous participation at Trade Exhibitions like this, he stated.
The NPA helmsman expressed the strong belief that Nigeria should be the hub of international trade in Africa, being the largest economy on the continent.
“If we can harness those immense talents of our huge, enterprising, intelligent and determined youths, along with the vast array of natural resources we are endowed with, Nigeria will be among the first world countries in a decade”, he remarked.
He expressed his organisation’s desire to sustain the robust collaboration with the custodian of the nation’s gateway.
It said that the NPA helmsman made the pronouncement at the NPA’s Special Day celebration at the ongoing 43rd Kaduna International Trade Fair.
According to him, the Lilypond Terminal will offer exporters a one-stop space to carry out their transactions at a reduced cost and time, thereby increasing their profit margin and competitiveness in the international market.
He said that the fair’s 2022 theme: “Re-strategizing Nigerian Economy for Global Competitiveness” underscored the Federal Government’s agenda on the diversification of the economy away from reliance on hydrocarbons, by focusing on industrial development, especially local manufacturing and large scale food production.
He said the NPA had initiated several strategies to maximise the movement of non-oil exports across the country’s borders.
“We are currently in discussions with the terminal operators to give priority to exportation of agricultural produce and solid minerals, this will stimulate our domestic economy, create thousands of jobs and increase the revenue profile of government at all levels,” he posited.
Belo-Koko further said that ‘’the Nigerian port industry remains a prime economic driver, bearing in mind that 85 per cent of the country’s trades are handled through the port.
“Maritime transport remains the main gateway to the global marketplace. Ocean ports are a central and necessary component in facilitating trade among nations.”
He pointed out that ports were catalysts for economic development as they enable trade and support supply chains.
“Recognising our huge role as custodian of ports necessitates continuous participation at Trade Exhibitions like this, he stated.
The NPA helmsman expressed the strong belief that Nigeria should be the hub of international trade in Africa, being the largest economy on the continent.
“If we can harness those immense talents of our huge, enterprising, intelligent and determined youths, along with the vast array of natural resources we are endowed with, Nigeria will be among the first world countries in a decade”, he remarked.
He expressed his organisation’s desire to sustain the robust collaboration with the custodian of the nation’s gateway.
